New York S06970 mandates the return of unsold instant lottery game tickets to the lottery division when a licensed agent goes out of business, sells.
New York S06970 amends the tax law to require the return of unsold instant lottery game tickets to the lottery division under specific circumstances. This includes when a licensed agent goes out of business, sells their business, or has their license suspended or revoked. The returned tickets are to be redistributed to other licensed agents for sale to the public, unless the instant lottery game has been terminated by the commission. The bill defines "instant lottery game" as any lottery game conducted on a game ticket that includes instant play features, such as rub-off coatings or pull-tabs.
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